The Eurogroup will discuss Greece’s 6.7 billion Euro loan

Еврогруппа выделит Греции 6,7 млрд евро кредита

Greece will receive from the Eurogroup a new loan in the amount of 6.7 billion euros. Tranche will be represented by two payments, the first of which is scheduled for Feb.

A new tranche for Greece from the European stability mechanism, will amount to 6.7 billion euros. This is stated in the message of the Eurogroup (Council of Finance Ministers of the 19 Eurozone countries), writes Prime.

“The fourth tranche of the program EMS in the amount of 6.7 billion euros will be granted Greece two payments,” – said in the message.

The first payment in the amount of 5.7 billion euros will be provided in February to the needs of the debt service. The next payment on the current debt can be confirmed by the working group of the Eurogroup in the spring.

Another program of financial assistance to Greece by foreign creditors earned in 2015, the amount to 86 billion euros of loans. The amounts are disbursed by the ESM in the implementation by Greece of the programme of adjustment of the economy, including reform. In August ends this, the third programme of assistance.

The goal of the program is the country’s economic recovery and confidence of investors that Greece was able to return to a full-fledged independent market financing their needs. This is the third since 2010, the program, the previous two failed to reach the same goal, and they had somehow to Supplement.

We will remind, in Greece went on strike public transport workers in protest against the government’s bill on the austerity measures.